The global financial crisis of 2007-2008 resulted in a(n) ________ of the Swiss franc. In 2011, the Swiss central bank intervened in order to cause a(n) ________ of the franc
A) appreciation; appreciation
B) depreciation; depreciation
C) appreciation; revaluation
D) depreciation; appreciation
E) appreciation; depreciation
E
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If the quantity demanded of a good falls by 2% when income falls by 10%, the good's demand elasticity is:
A. 0.2. B. 5. C. 1. D. 0.5.
A person who has lost his or her job because it is now performed by a robot is structurally unemployed
a. True b. False Indicate whether the statement is true or false
A __________ exchange rate policy sets a fixed and unchanging value for the exchange rate against another currency.
a. soft peg b. floating c. hard peg d. defined
Refer to the above figure. Suppose that the economy starts at AD1. If the government reduces taxes, then the economy goes to AD2, but then falls back to AD1. This is an example of
A. the free rider problem. B. laissez-faire. C. complete crowding-out effect. D. partial crowding-out effect.